Categorize each of the following funding schemes as examples of the benefits principle or the ability-to-pay principle.

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a. Visitors to public museums are required to pay an entrance fee.

b. Local property taxes support primary and secondary schools.

c. An airport trust fund collects a tax on each plane ticket sold and uses the money to improve airports and the air traffic control system.

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Economics

ISBN: 124344

2nd Edition

Authors: N. Gregory Mankiw

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Question Posted: Nov 02, 2024 07:00 AM

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Categorize each of the following funding schemes as examples of the benefits principle or the ability-to-pay principle.

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Economics

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